KIPCO 3.94

Kuwait Projects Company (Holding), known as KIPCO, is an investment holding company in the Middle East and North Africa (MENA) region, with consolidated assets of US$32.7 billion as of 30 June 2017. The Group has significant ownership interests in a portfolio of over 60 companies operating across 24 countries.The group's main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.Shareholding StructureKIPCO’s principal shareholder is Al Futtooh Holding Company, a Kuwaiti holding company owned by members of the Kuwaiti ruling family, with a direct holding of 44.7% as of 30 June 2017. The remainder of the shares are primarily held by institutions, equity funds, high-net-worth individuals and retail investors.The following table sets out the percentage holdings of the Company’s shareholders as at 30 June 2017:Group StructureThe principal subsidiaries and associates of KIPCO are in the financial services and real estate sectors, and KIPCO also has a joint venture in the media sector. The remaining companies of the Group and its associates operate in the service and industrial sectors.The table below sets out the KIPCO’s Principal Companies: